In the age of mobile dominance, investors are turning to unconventional metrics to sniff out hidden market opportunities. Importantly, tracking the number of downloads of a company’s mobile apps has become a crucial part of modern investment research. It's not just about the financials on paper anymore—digital footprints also provide hints about a company's performance and the public's interest in its products or services.
Top Performers and Market Prospects
Focusing on companies with a substantial increase in app downloads can unveil potential market opportunities. For instance, Foot Locker saw a massive 1,618% increase in app downloads, but their stock dipped by 9% last week. Nordstrom experienced a 749% boost in downloads, yet their stock declined by 4%. On a positive note, WithSecure Oyj enjoyed a 726% rise in downloads and a corresponding 1% increase in its stock. These trends suggest a delay between consumer interest and market response, which savvy investors can capitalize on.
Bottom Performers and Impact on Stock Prices
On the flip side, a dramatic decrease in app downloads can signal investor caution. Carvana's downloads plummeted by 88% but, interestingly, their stock rose by 4%. Conversely, Expensify’s downloads fell by 87%, accompanied by a significant 13% drop in stock price. These contrasting examples highlight that the correlation between app downloads and stock performance isn't linear but demands a nuanced analysis of market sentiment and company-specific factors.
In conclusion, while the link between app downloads and a company's stock price is not always straightforward, significant changes in app popularity can provide valuable insights for investors. By staying informed about these trends, investors may discover unique stock trading ideas and market opportunities that are not evident through traditional analysis alone.
Top Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Foot Locker FL |
121,930 1618% |
$23.89 9% |
5 |
 |
Nordstrom JWN |
122,589 749.1% |
$21.47 4.5% |
5 |
 |
WithSecure Oyj 0EIE.L |
7,280 726.3% |
€1.052 1.3% |
6 |
 |
Amwell AMWL |
7,307 574.1% |
$9.21 6% |
4 |
 |
El Pollo Loco LOCO |
61,004 505.1% |
$13.18 3.2% |
5 |
Bottom Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Carvana CVNA |
15,595 88.4% |
$176.64 4.1% |
7 |
 |
Dillard's DDS |
4,062 88.3% |
$362.88 3.4% |
6 |
 |
Hibbett Sports HIBB |
5,705 87.6% |
$87.49 0% |
5 |
 |
Expensify EXFY |
4,385 87.3% |
$1.81 13% |
5 |
 |
Sally Beauty SBH |
7,316 85.9% |
$12.95 0.9% |
6 |
The toplists are ordered by change in percentage of the company's app downloads over the last week. Only companies with more than 1000 app downloads are included.
